Rival lettings agencies merge, with pledge of future acquisitions

Charters Group, the south of England agency, has announced a further acquisition that will grow its residential lettings operations.

Charters Estate Agents will combine with Knights Porter, one of the largest letting agencies in Southampton: the acquisition will see Charters grow its rental portfolio by over 650 properties.

Richard Fowler, Knights Porter managing director, says: “Over the last 14 years we have built an excellent reputation and established an extensive lettings portfolio with in the Southampton area. 

“Over the years we have worked hard to support a loyal landlord base with not just our lettings service, but also for advice and support in building their own portfolios.

“We see the merger between Charters and Knights Porter as an excellent opportunity to take the business to the next level, a move that will ensure an excellent property lettings service for clients across Southampton and surrounding areas.  We will continue to flourish with even more expertise on board. 

“The move will also give the consolidated team access to Charters’ pool of in-house resources, including an established lettings and property management division.”

And Robert Mott, Charters Group chairman, comments: “We would like to take this opportunity to welcome Richard and his team to the Charters family. They are an established lettings business renowned for delivering exceptional service over many years. Excelling at what they do best, we are proud to be working with another hugely successful south east property business as part of the Charters Group growth plan.”

The Charters Group adds that it has “funding available for acquisitions of like-minded operations that would benefit from a progressive full-service approach to property.”